Schedule a demo

The Next Generation of Accountants

“This is a pivotal time for the accounting profession. Accountants have traditionally been in the background, providing historical financial information. In turn, investors and analysts have had to have the ability to read financial statements and derive the story. However, accountants possess more than data. They have the insights and the ability to integrate business information and quickly understand the impact on the organization.”

Giorgio Saavedra, the Integrated Reporting Lead of the World Bank, noted this in a recent interview with Forbes about the evolving role of the accounting profession.

It’s no surprise that technology is changing the role of the accountant in a number of ways. The developments in artificial intelligence and growing maturity of cloud-based business software like ART will continue to dramatically change the accountant’s business contributions over the next few years. What’s more, as these software platforms become more sophisticated and affordable, organizations will further rely on them as a critical part of their business strategy.

But, what does this mean for accountants?

Instead of capturing and updating data, producing reports and preparing manual reconciliations, software like ART will step in to help accountants automate and streamline many of these tasks. Their role is no longer merely checking the numbers and keeping records, but helping the business optimize its financial processes. A trend to be welcomed rather than feared!

In fact, industry experts see that smart software tools paired with the affordability of cloud-based technology, will likely change the way accountants work now the same way the first spreadsheet and accounting software packages did years ago. This new generation of accountants can now finally focus on more value-added activities that are centered around trend analysis, business intelligence, and data exploration.

Are you an accountant or want your accounting team to contribute in a more strategic way rather than working on mundane tasks? Schedule a demo of ART today and see how in one month you can automate up to 30% of your month-end reconciliations.

By |2023-03-11T16:06:17+00:00November 9th, 2016|Uncategorized Archives - Page 2 of 2|0 Comments
×